Tag Archives: jobs


Dr. John Psarouthakis, Executive Editor of www.BusinessThinker.com, Distinguished Visiting Fellow at the Institute of Advanced Studies in the Humanities, University of Edinburgh, Scotland, and  Founder and former CEO, JPIndusries, Inc., a Fortune 500 industrial corporation

If the 20th Century was the American Century, why does the 21st Century seem so daunting for America?  If we are still the globe’s leading manufacturer (and we are), why does globalization terrify us?  If the entire world sends its best and brightest to American graduate schools, why does our education system need reform?  Why is the most affluent nation mired in a stagnant economy?  Why do politicians of every stripe find maximum traction with empty chants of: “Jobs! Jobs! Jobs!”?

In this small but I hope meaningful book that I recently wrote I insist we must define our problems before seeking solutions.  I demonstrate, in as clear and enjoyable prose my editor and I can write, that a single problem (and opportunity) underlies all the above questions.

Just as our 19th Century farmer nation endured social upheaval but prospered in a massive shift to an urban and manufacturing 20th Century, we face a new upheaval today.  Both enormous transitions stem from the same all-powerful, irreversible force—technological progress.

This time around, I show, the great danger is that populist political rhetoric will strangle the free-market generator of wealth for all Americans, leaving us with a failed economy and a failed nation.  The American capitalist economic engine needs repair, now.  It must find new ways of sharing the wealth it creates—as it did via job creation in the 20th Century—or the politicians will ensure that the prevailing gloom will be warranted.


For the book: “The Technology Imperative: What Jobs, Jobs, Jobs, Really Means in the 21st Century”, published by Gavdos Press, September 2012, please go to gavdospress.com

Is our Economy Floating at best?

Dr. John Psarouthakis, Founder and former CEO, JPIndusries,Inc., a Fortune 500 industrial corporation. . Currently, Distiguished Visiting Fellow / Professor, University of Edinburgh, Scotland. He is the Executive Editor of www.BusinessThinker.com

The job numbers reported by the U.S. Labor Department today were very disappointing. Lower than hoped 115,000 jobs were created in the U.S. in April. The unemployment rate fell to 8.1%, whatever that means these days. The government’s unemployment rate doesn’t take into account people that are underemployed and cannot get a full time employment. Nor does it include people who have given up looking for work. If we include these unfortunate persons the real unemployment is closer to 15%

We are experiencing the worst post-recession economic recovery since the great depression. The historically low interest rates and the government’s printing of over $2 trillion have kept the economy from falling into recession again. Today’s employment numbers is a clear indication that we have yet to see an economy structural improvement. If the economy does not accelerate soon the odds are in the direction of a mild double deep.

Recession is “Expanding”

It looks like that Britain joined into recession Italy, Ireland, Greece, Denmark, Portugal, the Netherlands, Belgium, and Spain. France is moving in that direction as well. If we add that China is growing at slower rates than in the recent past and if these recessions become somewhat “deep” then   Germany will find herself also in economic straits. Germany’s exports, 30% of GDP, will slow down significantly and her economy will suffer measurably. If all the above hold true into the future then you can all guess well what would be the effect on the USA economy and employment!  It won’t take much of anything for a recession to revisit the USA

Continue reading Is our Economy Floating at best?

How has President Obama done so far?

This is the second review article on the President since he took office.

President Obama is going into history as the first African American elected to the presidency of USA. However, he might also go into history as a one term president because of the economy travails, and lack of apparent leadership. He has, in my opinion, created an image of arrogance and lack of effective leadership. He is becoming a polarizing force in the political spectrum of the country.

He has developed an atmosphere of uncertainty with his approach of decision making.  Even the most important legislation of his administration to date, Health Care Law, he delegated the initiative to former Speaker Pelosi until it looked doubtful it will pass. He then got involved in what many called “Chicago politics” to pass the bill.

Some commentators hold that the government’s reformist staff and the President would have been capable of tackling the country’s very acute problems were it not for resistance from the party’s left wing guard. Perhaps that is true. But the voters who picked President Obama in November of 2008 were voting for change which was never spelled out during the campaign.

Continue reading How has President Obama done so far?